Pending home sales rise in November as lower rates spur buyers
Summary
Pending home sales increased in November due to lower mortgage rates, suggesting improved housing affordability. While the market is showing signs of recovery, experts anticipate a transitioning market in 2026 rather than a full turnaround. Hosts should monitor market trends and potential shifts in buyer behavior.
Key Insights
- •Pending home sales were up 3.3% month over month in November, and up 2.6% year over year.
- •Homebuyer momentum is building due to improving housing affordability and more inventory choices.
Action Items
- ✓Monitor local market trends to anticipate shifts in demand and potentially adjust pricing strategies.Effort: lowImpact: medium
- ✓Consider how seasonal factors and market changes may impact occupancy.Effort: lowImpact: medium
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